Joint Venture Expands Its Portfolio
Foundry Commercial and Fortress Investment Group acquired two seniors housing communities in Central Florida with a combined 180 assisted living and 72 memory care units (a total of 260 beds). This is the joint venture’s second transaction, marking the third and fourth communities added to the joint portfolio. The undisclosed seller was represented by JLL Seniors Housing Capital Markets. Alto Tavares was built in 2012, and Alto Clermont opened in 2014. Both will continue to be operated by Allegro Living, Foundry Commercial’s affiliated management company, under its Alto brand. The operator, which has managed the communities since 2017, plans to make interior improvements at both locations... Read More »
California SNF Gets New Operator
Evans Senior Investments helped the owner of a 120-bed skilled nursing facility find a new operator. The new management company, which has a strong regional footprint, will pay $3.75 million in annual rent to the investor owner, Don Gormly. Built in 2016, the 120-bed facility is Anberry Transitional Care in Merced, California. Its occupancy was consistently high, averaging over 90%. And the facility was very profitable, operating at more than a 20% margin. So, the new operator will hit the ground running. There were some obstacles in getting the transaction to closing, such as the federal government shutdown, California regulatory approvals and the HUD Change of Operator process, but it... Read More »
2025 M&A and Valuation Stats Preview
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Matthew Alley of Senior Living Investment Brokerage, Bryan Lockard of JLL Valuation & Advisory, and Brittany Spicer of National Health Investors to discuss last year’s M&A market and to preview our Senior Care Acquisition Report. Panelists reviewed key statistics, including average pricing and cap rates. They also discussed 2026 expectations, new entrants and potential challenges facing the industry. The webinar concluded by asking panelists who they would rather be in 2026: a buyer or seller of Class-A or Class-B stabilized assets, or a best-in-class operator. Read More »
Ventas Posts Strong 2025 Results and Continues SHOP Momentum
One of the big REITs, Ventas, reported its fourth quarter and full-year 2025 results, and its activity was impressive, with the company continuing to outperform many of its peers. A full comparison will have to wait for Welltower’s earnings release, but Ventas nonetheless posted a strong year. In the fourth quarter, Ventas’ U.S. portfolio average occupancy increased by more than 370 basis points year over year. This operating momentum drove year-over-year same-community NOI growth of more than 15% in its seniors housing operating portfolio (SHOP), led by 18% growth in its U.S. portfolio, marking the company’s fourth consecutive year of double-digit growth. Ventas closed $2.5... Read More »
Ensign Delivers Strong Q4 and Full-Year 2025 Results
The Ensign Group posted a strong fourth quarter and full-year 2025. The company reported that FFO was $75.2 million for 2025, an increase of 28.3% over 2024, and $20.4 million for the quarter, an increase of 33.9% over the prior year quarter. Same facilities and transitioning facilities occupancy for the year were 82.9% and 84.2%, increases of 2.5% and 4.2%, respectively, over the prior year. For the fourth quarter, occupancy was 83.8% and 84.9%, an increase of 2.9% and 3.5%, respectively, over the prior year quarter. Total skilled services revenue was $4.84 billion for the year and $1.30 billion for the quarter, an increase of 18.7% and 20.2% over the prior year and prior year quarter,... Read More »Schedule a demo
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